6501 W Flamingo DR, Los Angeles, CA 90038
6501 W Flamingo DR, Los Angeles, CA 90038
6501 W Flamingo DR, Los Angeles, CA 90038
29
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$6,500,000
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15 Beds
20 Baths
8,999 SqFt
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6501 W Flamingo DR Los Angeles, CA 90038

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Kevin Devereaux

Kevin Devereaux

+1(702) 715-0018

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,999 sqft

Price per Sqft $722

MLS Listing ID 26873909

Bedrooms 15

HOA Y/N No

Year Built 2019

Lot Size 6,564 Sqft

Property Description

The Flamingo Collection presents a rare opportunity to acquire a boutique portfolio of five free-standing contemporary Single-Family Homes in the heart of Los Angeles' Hollywood Media District. Built in 2019 and individually parceled with five separate APNs, each 3-bedroom, 3.5-bath residence offers approximately 1,754 - 1,822 square feet of sophisticated living space with white oak hardwood floors, custom cabinetry and closets, stainless steel appliances, in-home laundry, central HVAC, private 2-car garage and rooftop deck. Four residences are currently occupied, while one has been intentionally held vacant to preserve flexibility during the sale process. At the Buyer's election, Seller can deliver the fifth residence occupied at $6,500 per month, resulting in a fully occupied portfolio generating $384,000 in annual rental income. Alternatively, Seller can deliver all five residences 100% vacant at close of escrow, allowing an incoming Buyer to immediately implement its preferred investment strategy. Built in 2019, the homes are exempt from the City of Los Angeles Rent Stabilization Ordinance (RSO), providing additional flexibility for future rental operations. Five individual APNs further create multiple potential investment and exit strategies, including traditional long-term leasing, corporate/executive housing, furnished rentals, individual home sales, or a combination of approaches. With the ability to acquire the portfolio fully occupied with immediate income, newer construction, RSO-exempt status and multiple future exit strategies, The Flamingo Collection is particularly well suited for a 1031 Exchange buyer seeking a high-quality replacement asset with immediate income and long-term flexibility. Attractive Seller financing available. Sale includes the following APN's: 5533-022-045, 046, 047, 048, 049.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Interior Features High Ceilings, Multiple Staircases, Recessed Lighting, Storage, Walk-In Closet(s)

Heating Central, Zoned

Cooling Central Air

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Oven, Refrigerator, Dryer, Washer

Laundry Inside, Stacked

Exterior

Parking Features Controlled Entrance, Covered, Door-Multi, Direct Access, Garage, Garage Door Opener, Private, Side By Side

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Gated

View Y/N Yes

View City Lights, Hills

Accessibility None

Porch Deck, Open, Patio

Total Parking Spaces 10

Private Pool No

Building

Story 3

Entry Level Three Or More,Multi/Split

Foundation Slab

Sewer Other

Water Public

Architectural Style Contemporary

Level or Stories Three Or More, Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 5533022045

Security Features Fire Sprinkler System,Security Gate,Gated Community,Key Card Entry

Financing Cash,Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Allen Roth Sotheby's International Realty #01272304

NEARBY SCHOOL & BUSINESS

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Kevin Devereaux

Kevin Devereaux

Agent

+1(702) 715-0018

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6501 W Flamingo DR